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Tax Information

Your IPERS pension benefit is subject to federal income tax and, for Iowa residents, state income tax. As part of the application process, you need to complete Form W-4P, which will be included with your benefit application.

You have various withholding options. Before completing the Form W-4P, you should:

  • Consult your tax advisor.
  • Review the instructions that accompany the IRS Form W-4P.

Keep in mind that you can update your withholding after benefits begin at any time by completing a new IRS Form W-4P. You may access your previous years' forms online through My Account.

Form 1099-R is used to report the distribution of retirement benefits such as pensions, annuities or other retirement plans. You should receive a copy of Form 1099-R, or some variation, if you received a distribution of $10 or more from IPERS.

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